It was nice to see Bitcoin bounce off of $7,500 so well. Many people have been saying that this price needed to be hit for the health of the market.
This fall in price is due to people who don't have an understanding of bitcoin and cryptos. I think its good that this money has left the market though. I know that there has been some bad headlines, but they are extremely over exaggerated. The media is acting like India is banning cryptos completely, when in reality they are just regulating it. This means that it is coming closer to mainstream adoption.
There is also too much good news on the tech side for the price to be crashing. The lightning network is getting better by the day, Segwit is doing well, Samsung is making mining devices and robinhood is offering cryptos now.
I expect for prices to rebound well from here and hope that I was able to capitalize on this FUD.
Thanks for reading!
